OTCPK:NWKRF - Post by User
Comment by
StopTheInanityon Mar 13, 2019 4:58pm
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Post# 29481637
RE:It is basically a merger
RE:It is basically a mergerYour analysis would be correct for a merger of equals. Unfortunately, that is not the case here.
HIP shareholders are getting the shaft because HIP is relatively undervalued whereas HEXO is relatively overvalued. Therefore, HEXO picks up cheap assets whereas HIP is acquiring expensive assets.
HIP shareholders can only hope that the bet, by HIP leadership, is that SOMEONE ELSE thinks so too. If so, and the merger creates a feeding frenzy, then HIP leadership will have done their job.
Otherwise, the leadership will go down as a failure, as far as the broader shareholder is concerned.
We are in the Shark Tank now, people...